Middle East Economic Survey


No 34


Egypt Signs Nine Oil And Gas Agreements With BP, Eni, Apache And Tharwa

Egypts Ministry of Petroleum announced on 16 August that it had signed six new oil and gas agreements worth $2.3bn of investment, with an additional $202mn in signature bonuses. The Minister of Petroleum Sameh Fahmy, who attended the signing ceremony, hailed the agreements as another indication of the confidence of international oil companies (IOCs) in the Egyptian oil...